A Federal Reserve report says most U.S. businesses are optimistic about the economy this year as vaccines are more widely distributed. (WSJ)
FedEx plans to invest an initial $2 billion as part of the package-delivery giant’s plan to make its global operations carbon-neutral by 2040. (WSJ)
Exxon Mobil will try to turn capturing carbon into a business, in a sharp turnaround in strategy. (WSJ)
The Justice Department declined to investigate former Transportation secretary Elaine Chao after an agency watchdog referred potential ethics violations to prosecutors. (WSJ)
Embattled trade-finance startup Greensill plans to file for insolvency as German regulators move toward a possible criminal investigation. (WSJ)
Private-equity firm Apollo Global Management is taking Michaels private in a deal that values the arts and crafts retailer at more than $3 billion. (WSJ)
Electronics manufacturers say global components shortages are starting to affect production of personal computers and other products. (Nikkei Asia Review)
The U.K. named eight “freeport” economic zones holding tax and customs advantages for businesses. (Lloyd’s Loading List)
Retailer Lowe’s is fulfilling 60% of its online orders from stores and is filling orders six times faster than a year ago. (Supply Chain Dive)
An online merchant says he received about $700,000 in restitution after spending 18 months fighting Amazon's decision to boot him from its marketplace and seize his inventory. (Bloomberg)
Trucker Old Dominion Freight Line’s revenue per day jumped 9.2% in February on rising less-than-truckload shipments and tonnage. (Dow Jones Newswires)
Tonnage and shipment measures at trucker Saia fell last month on the impact of severe winter weather. (Dow Jones Newswires)
Chiefs of two major container shipping lines say poor port infrastructure is partly behind the ongoing backlogs at U.S. seaports. (ShippingWatch)
India plans to spend $82 billion over the next 15 years to improve port infrastructure. (Maritime Executive)
DP World is fast-tracking a warehouse project at its London Gateway port. (Port Technology)
CMA CGM took over the main container terminal at Lebanon’s Port of Tripoli. (Lloyd’s List)
Container volume at major Chinese ports rose 60% in February from last year’s coronavirus-affected level. (Seatrade Maritime)
A Singapore court approved the restructuring plan for Pacific International Lines. (Business Times)
Israel says it has found the ship suspected of causing a large oil spill that fouled the country’s beaches but provided no details on the vessel. (Haaretz)
Freight forwarder Kuehne + Nagel’s airfreight revenue jumped 11.6% last year as soaring rates offset a 12.8% drop in volume. (The Loadstar)
Canadian crude-by-rail exports fell nearly 40% in 2020. (Progressive Railroading)
Warehouse and delivery startup Deliverr raised $135 million in a funding round and added $35 million in convertible notes. (Modern Shipper)
Supply-chain software provider Deposco raised $35 million in funding as it plans an expansion into China. (Business Journals)
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